Noranda Income Fund Unit NNDIF

STRONG AVOID

[BSdetector2016]

EOM.

[happyInvestor1]

Consensus Analyst Rating Buy Based on 1 Analyst Ratings Consensus Analyst Price Target C$2.00 426.32% Upside High Prediction C$2.00 Average Prediction C$2.00 Low Prediction

[schocor]

Hmmm. I just dont feel that "consensus forecast" is taking into consideration this weeks news; and I have seen no NEW analyst ratings to indicate that it has. Know your source is usually good advice...this looks like a bad one to me. 

[happyInvestor1]

Morningstar says 1.24$ fair value in Disnat Valuation Oct 20, 2022 Currency in CAD   NIF.UN is at a 70% Discount. Last Close  0

[JasonBilly]

Evidently, you missed my post yesterday mentioning that TD Waterhouse Actin Notes had said it’s a Buy with a 12-month target of $2. And that was after they repeated all the bad news. Yeah, I know, it’s TD Waterhouse, forever wearing rose-tinted specs but it’s just not true that there are no new analyst rankings.

[JasonBilly]

Actually, just to clarify, there are no analysts listed on the TDW site, so in that sense you’re correct. But someone must have written that Action Notes summary.

[BSdetector2016]

I checked; just some ancient history stuff, nothing recent. As a start NIF should be forced to change their name as "Income" is a misnomer to say the least.

[JasonBilly]

I wholeheartedly agree with that sentiment.